Marble City India Limited has announced that its board has approved the forfeiture of 11,42,400 unexercised convertible warrants.

These warrants, previously issued on a preferential basis to public category investors, remained unexercised within the specified timeframe.

The company has consequently forfeited the upfront consideration of Rs. 2.87 Cr paid on these warrants.

While 8,05,000 warrants were exercised, the lapse of the remaining unexercised warrants means there is no change to the company's issued, subscribed, or paid-up equity share capital.